Bennett Named ClearMedical CEO and President.

Business Editors/Health/Medical Writers

BELLEVUE, Wash.--(BUSINESS WIRE)--Dec. 10, 2003

ClearMedical, www.clearmedical.com, announced today that Gregg Bennett has been named as the company's new President and CEO. ClearMedical reprocesses single-use medical devices (SUD's) for hospitals and healthcare facilities resulting in significant cost savings and reduced waste for the facilities. Bennett, who has been consulting with the company since November, will be responsible for setting new strategic directions in an emerging market segment.

"We are very excited to have Gregg leading the charge for ClearMedical in this high-growth market," said Hans Lundin, Partner of Integra Ventures Investors, and Chairman of the Board of Directors of ClearMedical. "Gregg's deep understanding of hospital operations, his long successful track record with startups, and his entrepreneurial passion made him an easy choice for us as we were selecting our CEO."

Bennett was most recently the President of Solucient, LLC, a $110 million revenue company providing performance monitoring software and benchmarks to hospitals. Earlier, he founded HBSI, which merged to become Solucient. In 1999, HBSI was identified as the Eastside Chamber of Commerce Emerging Business of the Year and in 1998, Bennett was identified as the Northwest Ernst and Young Software Entrepreneur of the Year.

"This is an exciting and exploding business segment," said Bennett. "We can help hospitals improve their bottom lines by 25% or more by safely reusing devices they currently pay to have disposed. For most hospitals, we can show a $1,500 per bed per year savings. I am very pleased to, once again, be part of a small growth company that has high opportunities in a market segment with relatively few competitors. This is a billion dollar industry with strong regulatory barriers to entry, making it an incredible opportunity for ClearMedical."

About ClearMedical

ClearMedical is a venture-backed high growth ramp-up company providing reprocessing services for single-use medical devices (SUD's) to hospitals located throughout the country. Reprocessing consists of recycling expensive medical devices used in hospitals; enabling multiple uses of devices historically considered single use. Devices are collected, cleaned, tested, and sterilized consistent with stringent FDA regulations resulting in used devices being functionally equivalent to new devices at significantly lower cost. The company is headquartered in the Seattle suburb of Bellevue, WA and employees 60 people. For more information, visit www.clearmedical.com or call 1-800-679-6103.